Regulatory Alerts2026-06-23
Regulatory Bylaw No. 9 Financial Disclosure for Financial Brokerage Companies
The Iraq Securities and Exchange Commission issued Bylaw No. 9 in 2022 to mandate strict financial disclosure and reporting timelines for financial brokerage companies. The regulation requires the submission of annual reports, quarterly financial statements, monthly audits, and weekly account statements within specified deadlines. Non-compliance triggers immediate suspension of trading activities and imposes escalating financial penalties ranging from 25,000 to 250,000 Iraqi Dinars depending on the type and duration of the delay.
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